Gjensidige Forsikring ASA and AMF Pensionsförsäkring AB divest Oslo Areal
Gjensidige Forsikring and the Swedish occupational pension company AMF Pensionsförsäkring AB have entered into a Share Purchase Agreement with Entra ASA for the sale of the commercial real estate developer Oslo Areal (“OA”). The parties own 50 per cent each in OA. The purpose of the sale is to create further room for OA's strategic development. The agreed purchase price is approximately NOK 13.55 billion for 100 per cent of the share capital of OA, payable fully in cash at completion. Closing is expected to take place in mid-January 2022. Depending on the timing of the customary